Miller-Valentine Group, St. Mary Development Corp., and the H.I.T. Foundation will officially open a new Eaton residential community today, Residences at Eagles Point.
A ceremony begins at 1 p.m. at 307 N. Cherry St., the location of the former Eaton High School, from which the development was made.
Developer Miller-Valentine Group worked with St. Mary Development Corp., H.I.T (Home Is The) Foundation, Ohio Development Services Agency and others to build the property, the company said.
The H.I.T. Foundation, a local not-for-profit organization that addresses housing needs in Preble County, bought the vacant high school building in downtown Eaton in late 2013.
“Residences at Eagles Point is a brand new, maintenance-free, pet-friendly community of 40 one-, two- and three- bedroom apartment homes which were designed to serve families who desire high-quality, affordable rental housing,” Miller Valentine said in a statement.
Community amenities in the 1920s-era building include a business center, media room, fitness center and community room with a kitchen and dining area, Miller Valentine said. Residents will have access to an onsite bistro, auditorium and gymnasium, which were originally part of the former school.
“Residences at Eagles Point is one of the most innovative affordable housing projects on which St. Mary Development has worked,” Tim Bete, president of St. Mary Development Corp. said in the announcement. “The combination of beautiful apartments with so many amenities within the building is unique and a great benefit for residents. We’re proud to be part of the project with all of our partners.”
Residences at Eagles Point has provided over $3.4 million in income for the local economy, Miller Valentine said.